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allantanhc
Veteran |
03-Nov-2006 22:33
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Dow up 26 and Nasdaq up 6.5 on opening. |
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billywows
Elite |
03-Nov-2006 22:13
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Yup, this has been a listless week for STI .... |
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singaporegal
Supreme |
03-Nov-2006 22:05
![]() Yells: "Female TA nut" |
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Excellent... hopefully it would give a boost to the STI which has been aimless the past few days. |
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billywows
Elite |
03-Nov-2006 21:59
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Yessss!!! A US rally tonite ..... S.H.I.O.K!!! Jobless rate is lowest in 5 years S&P 500 futures rose 3.00 points at 1,374.30 and Nasdaq 100 futures were up 4.00 points at 1,720.50. Dow industrial futures advanced 24 points at 12,060.
U.S. stocks closed with tepid losses on Thursday, with the Dow industrials losing 12 points and the S&P 500 and Nasdaq Composite down a fraction of a point. A pick-up in wage inflation and a rise in jobless claims led to the fifth loss in a row for the Dow blue chips.
Nonfarm payrolls expanded by 92,000 in October the Labor Department said, below the average economist estimate compiled by MarketWatch of 123,000. But jobs growth in August and September was revised higher by 139,000.
The unemployment rate fell to 4.4%, the lowest rate seen since April 2001, and below expectations that it would remain unchanged at 4.6%.
Average hourly earnings increased 0.4% vs. economist forecasts of a 0.3% rise.
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maxsyn
Veteran |
03-Nov-2006 09:00
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if weak data continue to pour in but the congress election coming, may hold above 12000 till then, let see what happen then... |
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billywows
Elite |
03-Nov-2006 07:25
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Yalor, US market closed reddish FLAT last nite. Dow down 13 points to 12,018.54, while Nasdaq down 1 point to 2,334.02 .... This is Dow's 5th consecutive loss in a row, but it still managed to stay aflot 12k mark! We all have our opinions on the market, Cashiertan .... No right or wrong - so long everyone in SJ trade responsibily with their own money to account to their happiness and families. :) |
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maxsyn
Veteran |
03-Nov-2006 06:20
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closed flat despite Labor Department said productivity was flat in the third quarter while wages rose nearly 4 percent. The data touched off concerns that the Federal Reserve will continue to wrestle with inflation, possibly raising interest rates again. Generally still looks good. |
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cashiertan
Elite |
03-Nov-2006 01:31
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just reread postings for this thread till 20 oct 2006 . i realised that i am the only one posting bearish comments since than and may have "offended" some optimistic forumers. hope those "optimistic" forumer dun mind, and i hope some bros here, like me, benefitted from my bearish comments. : ) |
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cashiertan
Elite |
03-Nov-2006 01:20
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todays slide should be till 11980. hope this correction ends just in time for the much awaited year end rally. |
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cashiertan
Elite |
03-Nov-2006 00:33
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however do take note that DOW can correct till 11400 and still consider as a "reasonable" correction. |
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cashiertan
Elite |
03-Nov-2006 00:29
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there is a strong support around 12000 (20 days sma) however if that is broken, which also means 15day sma is broken convincely (signs of bear), the next real strong support will be after a massive slide till 11800. |
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billywows
Elite |
03-Nov-2006 00:15
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Dow heading up now above 12k mark after a see-saw session earlier. Its down 14 points, while Nasdaq is flat. Think US market will close FLAT today. DOW NASDAQ |
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maxsyn
Veteran |
02-Nov-2006 23:25
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another bad news. The productivity of American workers slowed to a standstill in the summer, while wages were rising at the fastest clip in more than two decades -- a combination likely to raise inflation concerns at the Federal Reserve.
The Labor Department reported Thursday that productivity, the amount of output per hour of work, showed no change in the July-September quarter, while labor costs rose by 3.8 percent. For the past year, wages and other labor costs are up by 5.3 percent, the fastest increase since 1982. |
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maxsyn
Veteran |
02-Nov-2006 23:17
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Still sinking.......is bearish, any bad news will drive invester further to clear their positions. So Nov06 indeed a month to stay clear |
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billywows
Elite |
02-Nov-2006 23:08
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U.S. Sept. factory orders rise 2.1% vs. 3.8% expected
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maxsyn
Veteran |
02-Nov-2006 22:37
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below 12000 soon, unlikely t hold it anymore tonite. |
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billywows
Elite |
02-Nov-2006 22:37
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MARKET SNAPSHOT
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maxsyn
Veteran |
02-Nov-2006 22:31
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Most like flat tonite. A preliminary read on Q3 productivity just came in unchanged (consensus 1.1%), as unit labor costs rose 3.8% (consensus 3.5%) following an upwardly revised 5.4% gain in Q2, potentially signaling some wage-inflation worries. Bonds, which were off slightly ahead of the report, have inched even lower, as the 10-yr note is now down 7 ticks to yield 4.59%. Initial claims rose 18K to 327K (consensus 310K); however, the claims data have not had as much of an impact on trading as the productivity data since investors will now turn their focus to tomorrow's more influential employment report. |
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billywows
Elite |
02-Nov-2006 07:27
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maxsyn
Veteran |
02-Nov-2006 07:04
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ISM fell to 51.2, expectation was 53, will be another disappointed day for DOW tonite. |
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